Phillips 66 is unlikely to make any announcement on the future of the Whitegate oil refinery when it releases quarterly results today.

The owners of Ireland’s only oil refinery at Whitegate, Co Cork have confirmed there is significant interest in the facility after the Irish Examiner revealed last week that a sale was close to completion.

A UK-based company has expressed an interest in acquiring Whitegate oil refinery, and claims that it will retain all of its current workforce if successful.